Amazon Changes Tax Practices in Europe -- Update

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Lisa Fleisher and Sam Schechner Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made ...

Barrick Gold Sells Cowal Mine

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SYDNEY—Barrick Gold Corp. said it will sell an Australian gold operation to local miner Evolution Mining Ltd. for US$550 million, one of several planned sales aimed at helping the miner reduce billions of dollars in debt. Barrick, the world's largest ...

European Stocks Down on Greek Debt Fears -- 2nd Update

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Peter Nurse European stocks pushed lower Monday, weighed down by concerns about the state of Greece's finances and political instability in Spain, although trading is limited with key markets closed. Over the weekend Greece raised doubts that it would ...

African Economies to Grow 4.5% on Average in 2015

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Matina Stevis NAIROBI--African economies will gather pace this year and next year, in their fitful and uneven economic ascent, three prominent organizations said in a joint report released Monday. On average, the continent's economies will grow 4.5% in 2015 ...

Officials Emphasize Unemployment's Threat to Europe

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SINTRA, Portugal—High and divergent unemployment rates in Europe pose a serious threat to the region's long-term economic health, central bankers and economists warned during a weekend conference held by the European Central Bank. But they stopped short of offering specific ...

Japan Slides Back into Trade Deficit

TODAY: May 25, 2015 PUB DATE: May 25, 2015

TOKYO—Japan fell back into a trade deficit in April, although the result was much better than forecast, as a jump in exports to the U.S. helped mitigate an increase crude oil import volumes. A month after recording its first trade ...

Libor Case Comes to Trial

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By David Enrich LONDON--Is a 35-year-old mathematician the modern face of financial crime? In a trial starting Tuesday in London, British prosecutors will contend that the answer is yes. They are preparing to cast Tom Hayes, a former star trader ...

Japan Stocks Lead Asia Higher

TODAY: May 25, 2015 PUB DATE: May 25, 2015

Japanese stocks led Asian markets mostly higher in early Monday trading, helped by a higher dollar, which fueled buying in export-related shares. The Nikkei Stock Average was up 0.6% at 20,388.99, refreshing a 15-year high, while Singapore's ST was also ...

Singapore April Consumer Price Decline Accelerates

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore consumer prices fell at a faster-than-expected pace in April, amid a continued fall in housing and transportation costs that was accentuated by lower global energy prices. The consumer price index for April fell 0.5% from a ...

Central Bankers Differ on Role in Reforms

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SINTRA, Portugal—Top officials from the world's two largest central banks on Saturday offered differing views regarding the role they should play in pushing for government economic overhauls, highlighting the diverging paths of major economies and the challenges of achieving inflation ...

U.S. Fast-Track Vote Bolsters Talks on Pacific Trade Pact

TODAY: May 25, 2015 PUB DATE: May 25, 2015

BORACAY, Philippines—The U.S. Senate's passage of fast-track legislation has injected fresh momentum into talks on a landmark Pacific trade deal, with negotiators saying they are in the final stages of discussions after more than five years of wrangling. U.S. Trade ...

Sirius Resources Gets $1.4 Billion Takeover Offer

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SYDNEY—A mining company that traces its roots to one man's hunt for wreckage from a NASA space station in the Outback has become the focus of one of Australia's biggest resources deals so far this year. Sirius Resources NL, which ...

Oil Trades Sideways as Markets Weigh Demand, Supply Metrics

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Eric Yep Crude-oil futures traded sideways in early Asian trade Monday as investors weighed signals of global oil demand growth and U.S. oil supply, and amid caution ahead OPEC's next meeting in early-June. On the New York Mercantile Exchange, ...